10.17 Zhang Lihui: Is the continued positive news holding back? Will there be a reversal opportunity tonight? Where are the opportunities for low-long and high-short Bitcoin (BTC)? #BTC突破6W8 #BNB涨至600 #BTC☀ #BTC☀️ $BTC

After waiting for a day, the price of the big cake is still sideways at a high level, and it is unwilling to give a retracement and long opportunity. In this situation, Lihui did not easily arrange to enter the market. After all, it is not advisable to chase the high position without a retracement in the trend! You must wait for a breakout and retracement or high-level shorting. This situation is similar to the end of July. There was a 20,000-point sell-off in early August, so you must strictly set a stop loss when going long!

From the 30-minute chart of Bitcoin, the price of Bitcoin has been fluctuating in the Bollinger Bands channel, and there has been a long period of consolidation and shock. The volume below the 0 axis in MACD has begun to shrink again. The spacing between the fast and slow lines after the dead cross is not very wide and it closes again. The white market may see a long period of consolidation again. Li Hui suggests that everyone wait and see first and wait for the unemployment data in the evening;

In the 4-hour Bollinger Bands, the upper track turns downward, but the lower track does not stop moving up, and has broken through above 66,000, including MA15, which is also close to 67,000; the support is also rising step by step. Although the volume above the 0 axis has shrunk, the fast and slow lines have never formed a dead cross, and it is expected that there will be a reversal again; the MA60 mentioned yesterday has also crossed the MA120 line. It seems that the continued inflow of US ETFs has not yet ended. Please be cautious about opening shorts at this position and continue to wait for the market to break further before considering it!

In summary, Li Hui recommends a light long position in the 66500-66800 range when the price retreats; stop loss below 66000, and the target is 67600-68200-68700; if the price breaks through 68800-69000, it can be held above 69500;

For high altitude, a light short position in the 68700-69200 range can be considered, with a stop loss of 70100; you can take a little more space, and the specific exit opportunity needs to be combined with the actual market changes;

There is a delay in the review and push of the article, and the market changes rapidly. The specific entry opportunity must be combined with the actual market specific operation, subject to real-time notification, the recommended points in the article are for reference only, do not operate with heavy positions, please bring stop-profit and stop-loss when entering the market, and quit when you see good results!